Trump Nominates Life Industry’s Workman to Replace Woodall on Financial Stability Panel December 1, 2017 President Donald Trump wants Thomas E. Workman, an attorney and former life insurer trade group leader, to be the independent...
Senators Question If Trump Adviser, AIG Investor Icahn Plays Role in ‘Too Big to Fail’ July 28, 2017 By Lisa Lambert Two prominent U.S. Democratic senators are raising questions about President Donald Trump’s special adviser, Carl Icahn, asking in a letter...
Fed Proposal Would Hike Capital Requirements to Discourage ‘Too Big to Fail’ November 16, 2016 By Dan Freed Minneapolis Federal Reserve President Neel Kashkari unveiled a plan on Wednesday to prevent future government bailouts by forcing the largest...
Rep. Hensarling’s Plan Could Be Blueprint for Trump Revamping of Dodd-Frank November 15, 2016 By Lisa Lambert and Sarah N. Lynch When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the...
MetLife Systemic Risk Battle Not Over as U.S. Files Appeal April 11, 2016 The U.S. government on Friday appealed a court decision that major insurer MetLife cannot be considered “too big to fail”...
MetLife Cites Foreign Operations to Claim It’s Not a U.S. Financial Firm August 24, 2015 By Andrew Harris and Ian Katz MetLife Inc.’s fight to free itself from a costly government label is increasingly focusing on a bold argument: The giant...
Legal Battle Over MetLife Systemic Risk Label Looms December 5, 2014 By Ian Katz and Jesse Hamilton U.S. regulators are close to a final decision to label MetLife Inc. systemically important, two people with knowledge of the...
Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation October 22, 2014 Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal...
MetLife ‘Strongly Disagrees’ with Systemically Risky Designation September 4, 2014 By Ian Katz and Zachary Tracer MetLife Inc., the biggest U.S. life insurer, was tentatively categorized as a systemically important financial institution (SIFI) by a panel...
AIG, GE Capital Systemic Risk Designations Renewed August 1, 2014 By Douwe Miedema and Sarah N. Lynch The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching...